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OPINION: Inflation hits its highest level since 1981

Imminent recession looms Consumer inflation reported by the U.S. Bureau of Labor Statistics [on July 13] ticked up to 9.1 percent the past 12 months, the highest since 1981. It has to be a crushing blow to any chances of avoiding a recession in the U.S. this year. Food prices are up 10.4 percent unadjusted […]

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